Not only did originators lift annual commercial real estate lending volume last year, they pushed it past the pre-crisis record level. Apartment lending led production.
Commercial mortgage bankers originated $530.1 billion in loans during 2017. The total included commercial and multifamily mortgages.
That turned out to be in excess of the record set a decade earlier in 2007, when there was $503.8 billion in CRE loan production.
Source: Mortgage Daily